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Gold or Silver prices, what will make the prices go up?? Did we top out already?
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<p>[QUOTE="Juan Blanco, post: 1583817, member: 41665"]There's extensive regulation of IRAs, medoraman. PM IRAs don't exist in secret, I think you know. So again: where do I find that data, aggregated?</p><p><br /></p><p>Guy at my LCS actually guessed the number of PM IRAs that I came up with, ~100k. He insists the retail ownership of GLD is 100x higher than ICI stats show (~12k) but he has no background in financial services. He was evasive on my gold queries but basically admitted not 1 in 100 customers is buying Au now. </p><p><br /></p><p>The best metric for "shoeshine boys" is probably custodians of PM IRAs that have to report quarterly, they MUST report accts, balances, etc. </p><p>Tom Cloud says there are ~10 cos; the three I mentioned are still the bulk of the PM IRA mkt. He outlines fees, too:</p><p><a href="http://etfdailynews.com/2012/11/29/tom-cloud-wholesale-gold-inventories-evaporating-nysearcagld/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://etfdailynews.com/2012/11/29/tom-cloud-wholesale-gold-inventories-evaporating-nysearcagld/" rel="nofollow">http://etfdailynews.com/2012/11/29/tom-cloud-wholesale-gold-inventories-evaporating-nysearcagld/</a></p><p> </p><p>I started a new thread on the PENSCO webinar scheduled for<b> December 6, 2012 11:00 AM - 12:00 PM PST</b>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1583817, member: 41665"]There's extensive regulation of IRAs, medoraman. PM IRAs don't exist in secret, I think you know. So again: where do I find that data, aggregated? Guy at my LCS actually guessed the number of PM IRAs that I came up with, ~100k. He insists the retail ownership of GLD is 100x higher than ICI stats show (~12k) but he has no background in financial services. He was evasive on my gold queries but basically admitted not 1 in 100 customers is buying Au now. The best metric for "shoeshine boys" is probably custodians of PM IRAs that have to report quarterly, they MUST report accts, balances, etc. Tom Cloud says there are ~10 cos; the three I mentioned are still the bulk of the PM IRA mkt. He outlines fees, too: [URL]http://etfdailynews.com/2012/11/29/tom-cloud-wholesale-gold-inventories-evaporating-nysearcagld/[/URL] I started a new thread on the PENSCO webinar scheduled for[B] December 6, 2012 11:00 AM - 12:00 PM PST[/B][/QUOTE]
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Gold or Silver prices, what will make the prices go up?? Did we top out already?
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